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Variable Interest Entities (Tables)
 12 Months Ended
Dec. 31, 2017
Variable Interest Entities [Abstract]  
Balances of assets and liabilities held by consolidated investment entities at fair value The following table presents the balances of assets and liabilities held by consolidated investment entities measured at fair value on a recurring basis. Amounts presented are as of December 31, 2017. There were no balances in prior years.
 
December 31, 2017
 
Total
 
Level 1
 
Level 2
 
Level 3
Financial Assets
 
 
 
 
 
 
 
Investments:
 
 
 
 
 
 
 
Cash and cash equivalents
$
54.5

 
$
54.5

(1)
$
—

 
$
—

Corporate debt securities
570.3

 
—

 
570.3

 
—

Real estate fund
84.7

 
—

 
—

 
84.7

Total financial assets
$
709.5

 
$
54.5

 
$
570.3

 
$
84.7

 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
Collateralized loan obligation notes
$
450.7

 
$
—

 
$
450.7

 
$
—

Total financial liabilities
450.7

 
—

 
450.7

 
—

(1)
Amounts consist of money market funds.

The following tables present the Company’s fair value hierarchy for assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 and 2016. The amounts presented below for Other investments, Cash equivalents, Other assets, Assets and Liabilities held in separate accounts and Other liabilities differ from the amounts presented in the consolidated balance sheets because only certain investments or certain assets and liabilities within these line items are measured at estimated fair value. Other investments are comprised of investments in the Assurant Investment Plan, American Security Insurance Company Investment Plan, Assurant Deferred Compensation Plan, modified coinsurance arrangements and other derivatives. Other liabilities are comprised of investments in the Assurant Investment Plan, contingent considerations related to business combinations and other derivatives. The fair value amount and the majority of the associated levels presented for Other investments and Assets and Liabilities held in separate accounts are received directly from third parties.
 
 
December 31, 2017
 
Financial Assets
Total
 
Level 1
 
Level 2
 
Level 3
 
Fixed maturity securities:
 
 
 
 
 
 
 
 
U.S. government and government agencies and
  authorities
$
182.6

 
$
—

 
$
182.6

 
$
—

 
State, municipalities and political subdivisions
326.2

 
—

 
326.2

 
—

 
Foreign governments
596.8

 
1.0

 
595.8

 
—

 
Asset-backed
190.2

 
—

 
150.8

 
39.4

 
Commercial mortgage-backed
38.1

 
—

 
9.5

 
28.6

 
Residential mortgage-backed
1,109.4

 
—

 
1,109.4

 
—

 
U.S. corporate
5,371.3

 
—

 
5,350.2

 
21.1

 
Foreign corporate
1,848.0

 
—

 
1,802.7

 
45.3

 
Equity securities:
 
 
 
 
 
 
 
 
Common stocks
17.7

 
17.0

 
0.7

 
—

 
Non-redeemable preferred stocks
350.3

 
—

 
348.1

 
2.2

 
Short-term investments
284.1

 
141.6

(2)
142.5

 
—

 
Other investments
253.9

 
71.2

(1)
172.7

(3)
10.0

(4)
Cash equivalents
544.9

 
519.1

(2)
25.8

(3)
—

 
Other assets
2.1

 
—

 
—

 
2.1

(5)
Assets held in separate accounts
1,800.6

 
1,635.2

(1)
165.4

(3)
—

 
Total financial assets
$
12,916.2

 
$
2,385.1

 
$
10,382.4

 
$
148.7

 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
 
Other liabilities
$
128.7

 
$
71.2

(1)
$
1.0

(5)
$
56.5

(6)
Liabilities related to separate accounts
1,800.6

 
1,635.2

(1)
165.4

(3)
—

 
Total financial liabilities
$
1,929.3

 
$
1,706.4

 
$
166.4

 
$
56.5

 
 
December 31, 2016
 
Financial Assets
Total
 
Level 1
 
Level 2
 
Level 3
 
Fixed maturity securities:
 
 
 
 
 
 
 
 
U.S. government and government agencies and
  authorities
$
174.9

 
$
—

 
$
174.9

 
$
—

 
State, municipalities and political subdivisions
476.1

 
—

 
476.1

 
—

 
Foreign governments
568.5

 
1.0

 
567.5

 
—

 
Asset-backed
3.7

 
—

 
3.7

 
—

 
Commercial mortgage-backed
38.4

 
—

 
10.6

 
27.8

 
Residential mortgage-backed
1,101.3

 
—

 
1,101.3

 
—

 
U.S. corporate
5,461.2

 
—

 
5,416.7

 
44.5

 
Foreign corporate
1,748.0

 
—

 
1,714.7

 
33.3

 
Equity securities:
 
 
 
 
 
 
 
 
Common stocks
20.8

 
20.1

 
0.7

 
—

 
Non-redeemable preferred stocks
400.6

 
—

 
398.4

 
2.2

 
Short-term investments
227.7

 
52.7

(2)
175.0

 
—

 
Other investments
265.1

 
64.9

(1)
196.7

(3)
3.5

(4)
Cash equivalents
646.6

 
644.6

(2)
2.0

(3)
—

 
Other assets
0.6

 
—

 
0.3

(5)
0.3

(5)
Assets held in separate accounts
1,650.2

 
1,472.9

(1)
177.3

(3)
—

 
Total financial assets
$
12,783.7

 
$
2,256.2

 
$
10,415.9

 
$
111.6

 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 

 
 

 
 

 
 
 
Other liabilities
$
119.9

 
$
64.9

(1)
$
0.9

(5)
$
54.1

(6)
Liabilities related to separate accounts
1,650.2

 
1,472.9

(1)
177.3

(3)
—

 
Total financial liabilities
$
1,770.1

 
$
1,537.8

 
$
178.2

 
$
54.1

 
(1)
Primarily includes mutual funds.
(2)
Primarily includes money market funds.
(3)
Primarily includes fixed maturity securities.
(4)
Primarily includes fixed maturity securities and other derivatives.
(5)
Primarily includes other derivatives.
(6)
Primarily includes contingent consideration liabilities related to business combinations and other derivatives

Schedule of carrying values of level 3 assets The following table summarizes the change in balance sheet carrying value associated with Level 3 assets held by consolidated investment entities measured at fair value during the year ended December 31, 2017:
 
For the Year Ended December 31, 2017
 
Balance, beginning of period
 
Total income included in earnings
 
Purchases
 
Transfers in (1)
 
Reclassified to cash (2)
 
Balance, end of period
Real estate fund
$
—

 
$
0.6

 
$
55.1

 
$
44.3

 
$
(15.3
)
 
$
84.7

(1)
Transfer in represents real estate fund balance reclassified to consolidated investment entities in 2017. Prior to contributions from third party investors, the Company’s investment in the real estate fund was reported within Other Investments.
(2)
Reclassified to cash represents amounts included in cash and cash equivalents of consolidated investment entities.